Teladoc Health completed its acquisition of telehealth provider InTouch Health on July 1.
The purchase price of the acquisition consists of approximately $150 million in cash and 4.6 million shares of Teladoc common stock. Teladoc announced its agreement to acquire InTouch Health in January for a purchase price of $600 million.
InTouch Health provides telehealth services to more than 450 hospitals and health systems and more than 14,500 physicians use its technology.
"As virtual care quickly becomes a necessity for all healthcare providers, the acquisition of InTouch Health positions us to lead this transformation in healthcare and be that single, integrated partner," Teladoc CEO Jason Gorevic said in the July 1 news release.